Denholtz Properties Acquires Multifamily Property In Kannapolis, NC For $59M

An multifamily property located at 210 S. Main St. in Kannapolis, NC was recently sold for a total of $59,000,000. The property consists of 289 units, with a price per unit of $204,152. The sale of this property was completed on 10/08/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $59,000,000
• Address: 210 S. Main St.
• Market: Kannapolis, NC

Steven Denholtz, representing Denholtz Properties, acted as the buyer in this transaction. On the other side, David Solomon from Goldman Sachs and Peter Flotz from Lansing Melbourne Group were the sellers. The sale was facilitated by brokers Jonathan Brody and Jacob Vogel from Rosewood Realty Group.